AIM Round-up: Rose Petroleum Up 21 Percent

The Alternative Investment Market fell steadily throughout the week, and was unable to pare losses despite a 0.53 percent gain on Friday that brought the market to 768.06. European stocks were buffered by investor concerns regarding the Greek debt crisis and the euro dipped against other currencies, London South East reported.

Rose Petroleum (LSE:ROSE) posted the biggest gains on Friday, as shares climbed 21.67 percent to reach GBP0.36. The oil and gas exploration and production company targets a diversified portfolio of properties. Currently, Rose holds a 75 percent interest in projects located in the Uinta and Paradox Basins in Utah and has licenses for projects in Germany. The company also holds producing gold and silver projects as well as copper and uranium exploration targets. On June 16, the company announced the application for 1,040,000,007 placing shares to be admitted to trading on the AIM.

The day’s biggest loser was Urals Energy (LSE:UEN), an independent oil company with operating assets in Russia. Production and exploration is centered on the Kolguyev Island, in Timan Pechora and on Sakhalin Island. The company released its final results for 2014 on June 19 and noted a 30 percent reduction in gross profit.